(505) 836-5700

Give Us A Call

(505) 836-5700

click to call

Tuesday, 12 December 2017 22:43

KKOB December 12

Fannie Mae and Freddie Mac just made a huge announcement. Ben Lucero discusses what it is and what it means for shoppers as they search for new homes in 2018.

Published in Radio
Tuesday, 12 December 2017 22:34

New Conforming Loan Limit for 2018

In early December 2017, Fannie Mae and Freddie Mac, government sponsored enterprises responsible for keeping the residential mortgage market stable, made a huge announcement. Starting in January of 2018, conforming loan limits on conventional mortgages will increase from $423,100 to $453,100. What does this mean for buyers? Indigo Mortgage is here to explain:

Now that the conforming loan limit has increased, borrowers can take out a loan up to $453,100 before having to take out a jumbo loan. Jumbo loans generally have higher interest rates, and unlike conforming loans, they aren’t backed by federal agencies. Because they aren’t backed by Fannie Mae and Freddie Mac, lenders take on higher risk when they offer jumbo loans, thus they are more difficult to qualify for.

Indigo Mortgage is proud to announce that we have arranged a special agreement with one of our lenders and we are able to honor the new loan limits beginning in December 2017! From now, on until the end of the month and into the new year, you can apply for a conforming loan up to the new limit of $453,100. Get a jump start on the new loan limits with Indigo Mortgage! Visit us to learn more about how you can find the best rates and terms on your mortgage!

Published in Blog

From The Blog

  • Come to Indigo Mortgage for Your Construction Loan +

    Building your own home instead of buying an existing home, allows homeowners a lot of flexibility. Building allows homeowners to Read More
  • Stay Local for Your Pre-Qualification +

    At Indigo Mortgage, we always advise borrowers to shop local when they’re looking to pre-qualify for a mortgage. Online lenders Read More
  • Aggressive and Dishonest Lenders +

    Many borrowers come to Indigo Mortgage and tell us that they are constantly bombarded with solicitations from large out-of-state lenders. Read More
  • Reverse Mortgage Education +

    Most seniors have seen the ads on television, received the emails or the postcards in the mail. Advertisements for reverse Read More
  • 2018 Loan Limit Increase +

    At the beginning of 2018, it was announced that the limit for conventional, FHA and VA loans would increase. Prior Read More
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31

Warning: mysqli::stat(): Couldn't fetch mysqli in /home/indmortgage/public_html/libraries/joomla/database/driver/mysqli.php on line 209

Warning: mysqli_close(): Couldn't fetch mysqli in /home/indmortgage/public_html/libraries/joomla/database/driver/mysqli.php on line 216

Warning: mysqli::stat(): Couldn't fetch mysqli in /home/indmortgage/public_html/libraries/joomla/database/driver/mysqli.php on line 209

Warning: mysqli_close(): Couldn't fetch mysqli in /home/indmortgage/public_html/libraries/joomla/database/driver/mysqli.php on line 216